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Results portrayed herein have not been audited and are subject to adjustment following the audit. Seminole Management Company, Inc. believes that the performance shown herein was generated with an investment philosophy and methodology similar to that which it would expect to use for the investment of future client portfolios.Future investments, however, will be made under different economic conditions and in different securities and using different investment strategies than were used by the partnership during the time discussed herein. Furthermore, the performance discussed herein reflects investment of limited funds for a limited period of time and does not reflect performance in different economic or market cycles.It should not be assumed that future investors will experience returns, if any, comparable to those of the partnership discussed herein. The information given for the partnership is historic and should not be taken as any indication of future performance

Please be advised Seminole Management Co., Inc., in conjunction with its third-party marketer Far Hills Group LLC, have ceased all marketing efforts in Europe as of July 21, 2013. Seminole Management has discontinued all marketing across the European Union in an attempt to remain compliant and outside of the scope of the Alternative Investment Fund Managers Directive (AFIMD). The sole marketing exemption is under the one year transitional period available in the United Kingdom. Seminole Management, will only onboard new European investors in verifiable and auditable cases of reverse solicitation.